Economic Newsletter : April 2018

Focus Issues

High Impact News

60% of India's GDP to come from AI, other digital services by 2021

A study done by Microsoft suggests that by the year 2021, around 60 per cent of the India’s GDP is expected to be derived from digital products and services, through the use of technologies such as Artificial Intelligence.

India supports livelihood development of 70,000 in Hambantota District

In a ceremony held in Hambantota District, Fisheries and Aquatic Resources Development Minister Hon. Mahinda Amaraweera and Indian High Commissioner H.E. Taranjit...

India's engineering exports at an all time high

India's engineering exports have reached an an all-time high of $ 76 billion during 2017-18 , growing by near 17 per cent year on year. The stellar performance of the sector is mainly attributed to iron and steel exports.

India has now become the second largest mobile phone manufacturer in the world, second only to China. The annual production of mobile phones within the country has increased from 3 million devices in 2014 to 11 million devices in 2017.

CSE and National Stock Exchange of India sign MoU to advance collaboration

The Colombo Stock Exchange (CSE) and the National Stock Exchange of India Ltd. (NSE) have signed a MoU focused on exploring opportunities to work...

A 360° Virtual Reality (VR) video on Incredible India

Ministry of Tourism, in collaboration with Google launched a 360° Virtual Reality (VR) experience video on Incredible India, to take people through iconic landmarks across Hampi, Goa, Delhi and Amritsar. More videos are available at https://artsandculture.google.com/partner/incredibleindia

Public exposition of the most sacred Buddha relics from Sarnath

The sacred Buddha relics enshrined at the Mulagandhakuti Vihara at Sarnath in India were brought to Sri Lanka for public veneration at Temple Trees during Vesak celebrations.